Introduction
Inscripturation of enterprises in Mauritania is metamorphosing into an escalatingly favored notion, attributable to myriad rationales that entice visionaries and financiers. Primordially, this jurisdiction is vigorously cultivating its economy and engendering propitious conditions for extrinsic capital infusion. The nation's governance is enacting a plethora of refurbishments directed at ameliorating the mercantile ambiance, streamlining inscripturation procedures, and attenuating bureaucratic impediments. Notably, antecedent epochs have been distinguished by reformation of the fiscal system, which entailed an abatement in the corporate levy rate to a quarter-century percentile.
Moreover, Mauritania possesses abundant natural assets, encompassing ores, aquatic harvests, and prospective petroleum and gas deposits. The incorporation of an enterprise in Mauritania unveils prospects to engage in the augmentation of these domains and procure substantial revenue. For instance, auriferous and ferrous metal extraction are principal segments of the nation's economy, drawing considerable capital and establishing novel employment opportunities.
An auxiliary inducement for initiating an enterprise in Mauritania are comparatively negligible expenses of immediate undertakings. Modest labor expenditures can markedly diminish manufacturing costs. Furthermore, the administration bestows sundry fiscal alleviations and enticements for extraterrestrial capitalists, encompassing levy immunity for a particular duration for nascent corporations inscribed in the nation.
The manifestation of autonomous fiscal enclaves likewise renders corporate enrollment in Mauritania alluring. These precincts furnish supplementary inducements and streamlined protocols for conducting commerce, encompassing tariff and levy boons, as well as logistical succor, rendering them a propitious locus for establishing fabrication and mercantile ventures. All these elements render Mauritania a beguiling option for corporate registration and commercial advancement in Africa.
Types of companies in Mauritania
|
Legal form of the company |
Description |
Characteristics |
|
Private company limited by guarantee (SARL) |
SARL is one of the most popular forms of business in Mauritania. It is suitable for small and medium-sized businesses, since the liability of each participant is limited to the amount of their contribution to the authorized capital. |
Minimum authorized capital: 0 Number of participants: from 1 to 50 Limited liability of participants. Accounting is required. |
|
Joint Stock Company (SA) |
Joint Stock Company (SA) in Mauritania intended for large enterprises with a large number of shareholders. SA allows you to attract significant investments through the sale of shares. |
Minimum authorized capital: 2 million. MRU per shareholder Number of shareholders: minimum 2 Shares are freely transferable. An annual audit is required. |
|
Partnerships and other forms of business |
Various forms of partnerships and other types of business such as joint and limited partnerships are also available in Mauritania. These forms of business are suitable for specialized areas of activity and allow flexible distribution of responsibilities and profits. |
Minimum authorized capital: not established Number of participants: varies depending on the form of partnership The liability of participants may be full or limited. |
Legal requirements for company registration
The legislative framework
Embarking on a commercial endeavor in Mauritania necessitates meticulous scrutiny and adherence to statutes governing the procedure of incorporation and functioning of enterprises. The cardinal regulatory manuscript in this domain is Decree No. 2000-05 on mercantile entities. This decree delineates the rudimentary tenets and stipulations for assorted categories of business establishments, such as limited liability companies (SARLs) and joint stock companies (SAs).
Statute No. 2000-05 concerning Trading Companies elucidates the enlistment procedure, which encompasses submitting a petition with Central Trade Register. For auspiciously commencing an enterprise in Mauritania, it is requisite to furnish the organization’s foundational manuscripts, encompassing the constitution, roster of originators, and particulars on the quantum of sanctioned equity. Furthermore, if the progenitors are extrinsic citizens, the statute mandates the designation of a domiciliary proxy or emissary.
A momentous juridical enactment is likewise Statute No. 2010-020 concerning Revenue Imposition, which governs the fiscal duties of corporations, encompassing the mercantile levy proportion, which in Mauritania is 25%. This ordinance stipulates the potentiality of procuring tax concessions for nascent establishments and enterprises functioning in paramount domains of the economy, such as excavation and piscary. Consequently, initiating an enterprise in Mauritania might be attended by fiscal inducements, which assists in drawing extrinsic capital.
Another pivotal segment of enactment is Edict No. 2012-030 concerning liberated commercial territories, designed to invigorate commercial dynamism and forge propitious conditions for magnates. This statute institutes distinctive stipulations and privileges for enterprises inscribed in liberated commercial territories, encompassing immunity from levies and tariff imposts for a delineated duration. Initiating an enterprise in Mauritania within a liberated commercial territory can be particularly advantageous due to these privileges and streamlined inscription protocols.
A quintessential constituent of the statutory schema is Law No. 2013-011 on bookkeeping and scrutiny. This edict necessitates enterprises to preserve exhaustive and precise financial chronicles and execute yearly examinations. For incorporated entities, it is obligatory to designate a disinterested examiner. Adherence to these stipulations augments the lucidity and dependability of the commercial venture in the perception of financiers and collaborators.
Enlistment of a corporation in Mauritania necessitates adherence to a multitude of statutes, encompassing Statute No. 2000-05 on Commercial Entities, Statute No. 2010-020 on Levyation, Statute No. 2012-030 on Unrestricted Commercial Enclaves, and Statute No. 2013-011 on Bookkeeping and Scrutiny. These ordinances constitute the foundation for the origination and efficacious operation of commerce in Mauritania, furnishing juridical safeguarding and proffering sundry inducements to businesspersons.
Company management structure
The establishment of a corporation in Mauritania necessitates a lucid arrangement of the governance framework in conformity with indigenous statutes. The fundamental tenets of governance are delineated in Statute Number 2000-05 concerning commercial enterprises, elucidating the protocols for the selection of stewards and the structuring of governance entities.
The stewardship configuration of a secluded limited accountability establishment (SARL) is pliant and unadorned. A SARL may be inaugurated with one overseer, who may be either a dweller or a non-dweller of Mauritania. The overseer is accountable for the diurnal governance of the establishment and embodies its stakes in commercial undertakings. Annually, a compositional assembly of SARL partakers is convened, at which pivotal determinations are enacted and amendments are executed to the establishment's ordinance.
A public limited company (SA) necessitates a more intricate governance framework. Pursuant to Statute No. 2000-05, an SA must possess a panel of overseers comprising of at the very minimum three individuals. These overseers are selected at a universal assembly of stakeholders, which is convened at the minimum once annually. The panel of overseers is accountable for the tactical orientation and designates an administrative overseer, who is accountable for the operational administration of the corporation. The administrative overseer can be either inhabitant or non-inhabitant, enabling foreign financiers to efficaciously administer their investments in Mauritania.
Associations and other configurations of commerce, such as collective and finite associations, possess their individual peculiarities in the governance arrangement. In a collective and several association, all associates shoulder complete accountability for the commitments of the enterprise and actively engage in its governance. In finite associations, governance is conducted by one or more associates, whereas the remaining associates have restricted responsibility and refrain from intervening in day-to-day governance.
Trade enrollment in Mauritania necessitates stringent adherence to juridical prerequisites for administration configuration. Enterprises are mandated to routinely convene assemblies of stakeholders or stockholders, during which pivotal determinations are reached and assessments on the enterprise's endeavors are sanctioned. These requisites are purposed at guaranteeing lucidity and answerability in stewardship.
Company registration procedure
Preparatory stage
Construction of a corporation in Mauritania commences with a preparatory juncture, which encompasses sundry pivotal strides. These phases are directed towards adherence to all statutory ordinances and auspiciously initiating an enterprise.
The foremost stride in the procedure of establishment organization registration in Mauritania is the selection of nomenclature. The nomenclature ought to be sui generis and not replicate antecedently registered ones. The singularity of a nomenclature can be ascertained through the Central Commerce Register. The organization nomenclature must satisfy certain criteria: not be beguiling and reflect the essence of the organization's endeavors. The designation verification and reservation procedure takes 1 to 3 workdays and incurs an expenditure of roughly 10,000 MRU (approximately 251 USD).
Upon electing and securing a cognomen, the ensuing stride is to fabricate the charter and ancillary constituents. The firm's charter must encompass particulars regarding:
- Aspirations and pursuits of the enterprise
- Quantum of sanctioned capital
- Administrative framework
- Methodology for allocation of gains and detriments
- Methodology for adjudication and convening assemblies
- The enterprise's manifesto must be endorsed by all progenitors and authenticated. The elemental manuscripts also encompass:
- Roster of progenitors delineating their stakes in the sanctioned capital
- Edict regarding the selection of a principal (or panel of governors in the event of a joint-stock enterprise)
- Affirmation of domicile whereabouts
Formulation of the charter and other elemental manuscripts requires roughly 5-7 laboring epochs. Upon finalizing the formulation of manuscripts, the phase of presenting them to the Central Commerce Archive for the formal enrollment of the enterprise ensues. The expenditure for notarization and enrollment is approximately 50,000 Mauritanian ouguiya (about 1250 United States dollars).
Submission of documents to registration authorities
Commencing a firm in Mauritania necessitates compulsory presentation of papers to the pertinent authorities to procure formal acknowledgment and sanction to engage in commerce. This procedure entails rigorously adhering to protocols and presenting all requisite papers.
Enrollment commences with tendering papers to Directorate of Registration and Control (Direction Générale des Impôts et des Domaines). For establishing a corporation in Mauritania, you are obliged to furnish the subsequent papers:
- Memorandum of association and patent of the enterprise, endorsed by a notary
- Affirmation of booking of an unparalleled enterprise appellation
- Roster of originators denoting their involvement quotas and passport particulars
- Proceedings of the initial conclave with the resolution to designate director(s) or council of overseers
- Verification of the enterprise's lawful domicile
- Acknowledgment for remittance of enrollment levy
Records are tendered in propria persona or through a duly accredited proxy. The enrollment levy amounts to roughly 100,000 MRO (approximately 2,500 USD). It is imperative to ascertain that all records are accomplished accurately and comprehensively to avert hindrances or repudiations of enrollment.
Upon tendering the papers, their scrutiny and ratification commences. This typically consumes from 5 to 10 laboring days, albeit the timeframe might fluctuate contingent on the intricacy of the instance and the burden of the officials. Throughout the scrutiny progression, supplementary enlightenment or rectifications to papers may be necessitated.
Following efficacious assent of the documents, the enterprise obtains a certificate of formation (Certificat de Constitution) and a enrollment numeral imperative for subsequent bureaucratic maneuvers like inaugurating a bank account and enrolling with the fiscal authorities.
Obtaining registration certificates and licenses
The ultimate phase corporation registration procedure in Mauritania is to procure all requisite parchments and authorizations, which is pivotal for lawful trade pursuits. This phase encompasses sundry pivotal maneuvers.
After tendering and examining the manuscripts at the Directorate of Registration and Control (Direction Générale des Impôts et des Domaines),the firm is granted a credential of enrollment (Certificat de Constitution). This parchment attests the lawful subsistence of the firm and its prerogative to transacting commerce in Mauritania. To attain it, one must meticulously adhere to all ordained methodologies and furnish the stipulated manuscripts, enabling one to finalize the enrollment progression within 5-10 laboring days. The enrollment cipher denoted on the credential functions as an unparalleled identifier of the firm and is utilized in subsequent bureaucratic maneuvers.
Upon obtaining the enrollment parchment, you shall need to enlist the enterprise with the fiscal authorities. The subsequent manuscripts are indispensable for this endeavor:
- Firm enrollment credential
- Firm Covenant
- Data concerning governors and originators
- Corroboration of lawful domicile
Enrollment with the tributary authorities is mandatory to procure a Tax Identification Number (TIN), which is utilized to remit levies and submit tax declarations. This procedure consumes roughly 5 operational days. Corporate tribute in Mauritania stands at 25%, and enterprises are obligated to uphold meticulous bookkeeping archives.
Contingent on the genre of endeavor of the enterprise, it might be imperative to procure supplementary charters or permissions. As an illustration, for financial institutions, assurance, quarrying, or angling, it is imperative to procure pertinent charters from the pertinent bureaus and offices. These categories of endeavors necessitate observance of particular requisites prescribed by statute. For instance, for financial institution endeavors, it is requisite to procure a charter from the Central Bank of Mauritania, which encompasses scrutinizing the fiscal steadiness of the enterprise and its governance.
Hence, enrollment of enterprises in Mauritania concludes with acquiring all requisite enrollment parchments and licenses. These manuscripts assure the lawful subsistence of the enterprise and its capacity to execute commerce in the nation. Rigorous observance of all formalities and prerequisites circumvents juridical predicaments and augments fruitful commerce evolution.
Taxation and financial reporting
Basic tax rates
|
Tax type |
Tax rate |
Benefits and conditions for receiving them |
|
Corporate tax |
25% |
Privileges: new companies can receive tax holidays for up to 5 years. To receive the benefit, you must register as a new business and submit an application to the tax authorities.Conditions: activities in priority sectors (for example, mining). |
|
Value added tax (VAT) |
16% |
Privileges: reduction of the VAT rate to 10% for essential goods. Conditions: inclusion in the register of essential goods, submission of relevant documentation to the tax authorities. |
|
Other taxes and fees |
Various |
Capital gains tax: 15%Conditions: applies to income from the sale of capital assets. Social contributions: 16% of salary. Conditions: mandatory for all employers. Tax benefits and incentives: vary by industryExport benefits: exemption from taxes on the export of goods. Conditions: the company must register as an exporter and provide proof of export. Investment benefits: reduction of the tax rate to 20% on investments in certain sectors. Conditions: investments in infrastructure projects, energy, agriculture. |
Henceforth, commercial enrollment in Mauritania furnishes enterprisers with the occasion to avail themselves of sundry fiscal boons and inducements, which augments commercial evolution and beckons investment to the nation. Precise fiscal tariffs and prerequisites for acquiring boons render Mauritania an appealing venue to conduct commerce.
Financial reporting and audit requirements
Enrollment of corporations in Mauritania entails fulfilling stringent fiscal narrating and scrutinizing necessities to guarantee limpidity and answerability.
- Yearly pecuniary declarations: Each corporation is mandated to fabricate and exhibit yearly pecuniary declarations. A declaration encompassing a equilibrium parchment, earnings declaration, currency stream declaration and annotations to pecuniary declarations. notices. These declarations must conform to International Financial Reporting Standards (IFRS).
- Reporting durations: corporations in Mauritania are obliged to submit an annual pecuniary declaration to the tax authorities within 90 suns of the conclusion of the pecuniary cycle. As the pecuniary cycle typically aligns with the calendar cycle, submission must be rendered by March 31 of the ensuing annum.
- Trimestrial chronicles: In supplement to yearly chronicles, corporations may be obliged to furnish quarterly pecuniary chronicles, offering current data on their pecuniary execution throughout the year. This permits levy authorities and investors to oversee the pecuniary state of the corporation.
- Legal scrutiny: for specific kinds of enterprises such as public limited companies (SA) and large private limited companies (SARL).
- Selection of the scrutineer: The scrutineer must be autonomous and certified in Mauritania. The selection occurs at a collective gathering of the enterprise's stakeholders or associates, and the enterprise's statutes must stipulate methods for the selection and substitution of the scrutineer.
- Audit Timing: The scrutiny must be accomplished and the scrutiny declaration proffered to the revenue officers alongside the yearly pecuniary declaration. This indicates that the scrutiny must be accomplished within the foremost trio of months following the conclusion of the pecuniary annum.
- Auditor's report: The scrutinizer's declaration must encompass a viewpoint on the dependability and equitability of the corporation's pecuniary declarations, outcomes of undertakings, and liquid assets. This inference is imperative to guarantee the reliance of financiers and overseers.
Hence, enrollment of corporations in Mauritania encompasses adherence to exhaustive pecuniary narration and scrutiny prerequisites that foster pellucidity and answerability in commercial undertakings. These measures aid in engendering a steadfast commercial milieu and fortifying investor and regulatory assurance.
Labor legislation and hiring of workers
Employment ordinances in Mauritania are governed by Statute No. 2004-017 of July 6, 2004 on the Employment Codex. Embarking on a venture in Mauritania compels proprietors to adhere to all stipulations of this statute when engaging workers.
Basic provisions of labor legislation
Enrollment of a corporation in Mauritania necessitates adherence to the fundamental tenets of toil jurisprudence, which encompass the entitlements and responsibilities of both proprietors and laborers. Principal stipulations comprise:
- Operative periods: The zenith operational diurnal cycle is 8 horologes and the operational hebdomad is 40 horologes.
- Supplementary time: Supplementary time spans are remunerated at a scale that surpasses conventional emoluments by 50% for the foremost 8 horologes and 100% for all ensuing horologes.
- Holidays: Laborers are bestowed with yearly remunerated furlough of no less than 30 days. Compensated ailment cessation and gestation cessation are likewise bestowed.
- Cessation of labor: the employer is necessitated to furnish scripted intimation of cessation of the labor agreement one lunation afore the foreseen date of dismissal. Laborers are entitled to obtain disjunction remuneration, the quantum of which hinges on the duration of their toil acquaintance.
Requirements for employment contracts
A vocation compact is a compulsory manuscript when employing laborers. Commerce registration in Mauritania encompasses the compulsion of employers to engage in scripted vocation compacts, which must encompass:
- Designation data of the interlocutors: complete cognomen and contact intelligence of the patron and worker.
- Occupation delineation: labor obligations, locality of labor, and temporal allotment.
- Compensation: remuneration quantum, stipulations, and parameters of its disbursement.
- Duration of the covenant: Fixed-term or indeterminate essence of the labor covenant.
- Terms of cessation: the methodology and circumstances for ceasing the labor kinship, encompassing gratuities and notifications.
- Signatures of the factions: an employment covenant must be endorsed by both factions to commence efficacy.
Minimum wage and social guarantees
Mauritania possesses a national nadir wage (nadir wage) of 30,000 MRU (roughly 750 USD) per lunar cycle. Employers are mandated to furnish their laborers with remunerations not beneath this quantum. Additionally, social assurances are extended, encompassing:
- Superannuation subscriptions: employers are mandated to remit dues to a superannuation corpus, which tally to 5% of the worker's remuneration. Workers likewise pitch in 5% of their remuneration.
- Salubrity Assurance: Employers are mandated to furnish workers with salubrity assurance that encompasses indispensable medical amenities and therapeutic interventions.
- Vocational Mishap Assurance: Employers must indemnify employees against vocational mishaps and maladies. Contributions for this assurance are 2% of the remuneration.
- Compensated Respite: In adjunct to compensated yearly respite, employees are entitled to compensated indisposed respite and compensated gestation respite. Indisposed respite is granted for up to half a year, with the employee receiving 70% of their wage. Gestation respite endures 14 weeks with total remuneration.
Enrollment of an enterprise in Mauritania encompasses the duty of employers to adhere to all of the aforementioned stipulations and furnish social assurances to their personnel. This aids in fostering propitious labor circumstances and enhancing the livelihood of laborers in the nation.
Bank account and currency control
Opening a corporate bank account
The method of commencing a venture in Mauritania unavoidably encompasses inaugurating a corporate pecuniary repository. This procedure comprises various cardinal phases that necessitate consummation for the prosperous operation of the enterprise.
Selecting a bank
The inaugural stride is to electing a fitting depository institution. In Mauritania, There subsist myriad mercantile repositories, such as Société Générale Mauritanie, Attijariwafa Bank and Banque Nationale de Mauritanie, which dispense entrepreneurial amenities. When electing a depository institution, it is pivotal to reckon its renown, the array of amenities dispensed, tariffs and the existence of international affiliations.
Preparing documents
For inaugurating a commercial bank reckoning in Mauritania it is requisite to furnish a multitude of papers attesting to the enrollment and lawfulness of the enterprise. These encompass:
- Certificate of Company Registration (Certificat de Constitution)
- Constituent documents and company charter
- Protocol for the appointment of a director or board of directors
- Passports or national identity cards of the director and founders
- Confirmation of the company's legal address
- Tax Identification Number (TIN)
Submitting an application
Upon culmination of all parchments, the overseer or duly empowered delegate of the enterprise must personally proffer a supplication to inaugurate a corporate reckoning with the bank. The supplication encompasses fundamental particulars regarding the enterprise, the category of reckoning, and particulars regarding individuals empowered to affix their signature.
Review of the application by the bank
The pecuniary establishment verifies the tendered papers and scrutinizes the supplication. This procedure may span from sundry days to a fortnight, contingent on the internecine protocols of the establishment and the intricacy of the circumstance. It is imperative to ascertain that all papers are executed accurately to preclude hindrances.
Signing agreements
After successful consideration of the application, the bank prepares an agreement to open a corporate bank account. The director of the company or his representative must sign this agreement in the presence of a bank employee. The signing of agreements secures the rights and obligations of the parties and confirms the opening of an account.
Make an initial deposit
For instauration of a conglomerate reckoning in Mauritania an aboriginal endowment is necessitated. The endowment magnitude fluctuates contingent on the bank's exigencies, but is ordinarily betwixt 100,000 and 500,000 MRU (roughly 2,500 to 12,500 USD). This endowment can be employed to defray the enterprise's aboriginal disbursements.
Gaining access to your account
Upon the deposition is rendered and the ledger is enkindled, the enterprise possesses ingress to its banking amenities. Possessing a corporate ledger is imperative for all fiscal dealings, such as acquiring remunerations from patrons, disbursing providers, and disbursing emoluments to personnel. The bank furnishes ingress to cybernetic banking, dispenses vouchers, and credit tickets for the convenience of conducting commerce.
Hence, the procedure of inaugurating a commercial chronicle in banks in Mauritania comprises various phases: electing a bank, arranging credentials, tendering an entreaty, undergoing assessment by the bank, endorsing pacts, remitting a contribution, and attaining admittance to the chronicle. Pursuing all these strides guarantees the lawfulness and efficacy of the enterprise's pecuniary dealings.
Currency regulation and control
Establishing a firm in Mauritania necessitates rigorous adherence to exotic remittance ordinances and restraints. Mauritania boasts decrees dictating exotic remittance dealings, which are established by the Central Bank of Mauritania (Banque Centrale de Mauritanie). To execute exotic remittance dealings, firms must enlist with the Central Bank and procure the requisite authorizations.
The inaugural stride is to tender a petition to enroll the enterprise as a theme of currency governance. This petition must encompass data about the enterprise, its bylaws, constituent manuscripts, and projected pursuits. Commencing an enterprise in Mauritania demands the submission of an intricate foreign exchange schema, which must garner approval from the Central Bank.
Upon enrolling a corporation, it is imperative to inaugurate a distinct overseas coinage ledger in one of the indigenous banks endorsed for executing alien coinage dealings. This ledger shall be utilized for obtaining and dispatching disbursements in alien coinage. The bank is mandated to uphold meticulous chronicles of all alien coinage dealings and furnish statements to the Central Bank.
A vital facet of currency regulation is the imperative provision of enlightenment on all paramount currency dealings. Enterprises must furnish quarterly chronicles that encompass facts on all dealings exceeding a particular sum stipulated by the Central Bank. These chronicles aid in overseeing capital movements and averting illicit financial dealings.
International transfers and payments
Inauguration of a corporation in Mauritania additionally encompasses the arrangement of global remittances and settlements. To accomplish this, corporations must forge collaboration with banks that possess expertise in functioning with international remunerations. The preliminary phase entails finalizing a covenant with a bank that furnishes international remittance amenities. The pact delineates the terms and tariffs for executing such transactions.
To fabricate transoceanic transmittals, the firm must furnish the bank with particulars concerning the recipient, encompassing his entire designation, banking particulars, and rationale for the transmission. Enlistment of enterprises in Mauritania necessitates stringent observance of all protocols to avert impediments and rebuffs in disbursements. The bank authenticates the accuracy of the information and executes the transmission within one to two laborious epochs.
Enterprises that execute habitual transnational disbursements must maintain intricate archives of all transactions. This encompasses documenting particulars of every transaction, such as chronology, magnitude, monetary unit, designation of counterpart, and intention of disbursement. This information is imperative for concocting dossiers for the Central Bank and fiscal authorities.
To ameliorate global remittances, enterprises can employ the SWIFT mechanism, which furnishes expeditious and dependable transfers amidst banks across the globe. Establishing a venture in Mauritania encompasses a compulsory linkage to this framework to enhance the efficacy of pecuniary dealings.
If quandaries or controversies arise regarding transnational remittances, enterprises can communicate with their financial institutions to scrutinize and rectify the circumstance. The financial institution is mandated to furnish all requisite intelligence and aid in resolving the quandary.
Thus, founding a firm in Mauritania necessitates a meticulous method to matters of currency ordinance and intercontinental disbursements. This encompasses enrolling with the Central Bank, inaugurating a foreign currency ledger, adhering to all protocols for global remittances, and upholding comprehensive documentation. Adherence to these stipulations guarantees the lawfulness and efficacy of the enterprise's fiscal dealings at the global echelon.
Investment climate and business support
Investor support programs
Starting a business in Mauritania accompanied by various investor support programs aimed at stimulating economic growth and attracting foreign investment. One of the main programs is «Agence de Promotion des Investissements en Mauritanie» (APIM), which promotes investments and provides comprehensive support to entrepreneurs.
The APIM program includes a wide range of services for investors, ranging from advice on legislative and administrative issues to assistance in registering a company. In addition, APIM provides access to statistical data and market analytics, and also assists in finding partners and contractors, which greatly simplifies the process of entering the market.
Economic zones and benefits for foreign companies
|
FEZ |
Characteristics |
Key Benefits |
|
Nouadhibou Free Zone (ZFND) |
Located in the city of Nouadhibou, it is intended for logistics, fisheries, industrial production and tourism. The area of the zone is about 14,500 hectares. Exemption from income tax for up to 10 years. Reduced customs duties and VAT on imported equipment and raw materials. Modern infrastructure and logistics networks. |
Exemption from income tax, reduction of customs duties and VAT. Modern infrastructure favorable for logistics and production. |
|
Nouakchott Free Zone |
Located in the capital of Mauritania, Nouakchott. Specializes in trade, financial services and telecommunications. Tax benefits, including corporate tax exemption for 5 years. Simplified procedures for registering a company in Mauritania. Access to major West African markets. |
Tax benefits and simplified registration procedures. Access to major markets in the region. |
|
Mineral Resource Development Zone |
Created to support the mining industry. Includes areas for mining and processing of minerals. Tax holidays for up to 7 years for new projects. Reduced royalty rates and export duties. Government support in the form of subsidies and grants. |
Tax exemptions, reduced rates and government support for mining projects. |
|
Agricultural Free Zone |
Located in the southern regions of Mauritania, it is intended for agro-industrial complex and agriculture. Exemption from VAT and customs duties on agricultural equipment and seeds. Tax benefits for export of products. Access to international markets. |
Exemption from taxes on equipment and seeds. Export benefits and access to international markets. |
|
Technology and Innovation Free Zone |
Specializes in information technology, innovation and startups. Income tax benefits for up to 8 years. Simplified registration and licensing procedure. Access to venture capital and startup support programs. |
Tax benefits and simplified procedures for startups. Access to venture capital and support programs. |
Conclusion
Registration of companies in Mauritania represents an attractive opportunity for entrepreneurs and investors looking to expand their operations in West Africa. The country offers favorable business conditions, including a strategic geographic location, access to rich natural resources and special economic zones with special incentives for foreign companies.
The process of starting a business in Mauritania requires compliance with strict legal regulations and involves several key steps: choosing a unique company name, preparing and filing articles of incorporation, opening a corporate bank account, and obtaining all necessary registration certificates and licenses. Companies registered in free economic zones receive additional benefits in the form of significant tax benefits and simplified administrative procedures.
Our specialists are ready to provide comprehensive support and full support during registering your company in Mauritania. Contact us in a way convenient for you through the "Contacts" section.
